Frank Gutierrez, vice president,is a trader in the U.S. Short Term Fixed Income Group. An employee since 2000, he currently trades money market securities for both mutual funds and separate accounts. Previously, he held a similar position with JPMorgan Treasury and Securities Services (TSS). He started his career with Chase Asset Management in various middle office functions.

Adam Ackermann is a portfolio manager and trader in the U.S. Short Term Fixed Income Group. An employee since 2011, he is responsible for portfolio management and trading for money market mutual funds, short term fixed income separate accounts and liquidity products. Previously, he was an assistant portfolio manager at GE Asset Management. Adam holds a B.S. in Finance from Fordham University’s Gabelli School of Business and a M.B.A in Finance from Fordham University’s Graduate School of Business where he graduated Magna Cum Laude. He is a member of Omicron Delta Epsilon and the Fordham Wall Street Council.

Christopher M. Tufts is head of U.S. taxable portfolio management and trading for the Global Liquidity business. An employee since 1997, Chris's team is responsible for the management of all taxable money market mutual funds and liquidity separate accounts in the U.S. Chris was formerly a portfolio manager for Global Liquidity's Sterling and Euro liquidity funds in London and also traded 2-5 year maturity corporate and U.S. Agency securities for U.S. short term fixed income mandates. Previously, Chris was a defined contribution plan analyst in the Investment Advisory Group of J.P. Morgan American Century Retirement Plan Services and a sales analyst in the Institutional business at JPMAM. Chris holds a B.A. in Economics and French from the College of the Holy Cross and spent his Junior year abroad at the University of St. Andrews, Scotland.

An investment in a money market fund is not insured or guaranteed by the FDIC or any other government agency. Although money market funds strive to preserve the value of the investment at $1.00 per share, it is possible to lose money by investing in a money market fund.

The quoted performance of the Fund includes performance of a predecessor share class prior to the Fund's commencement of operations. Please refer to the current prospectus for further information.

Investors should carefully consider the investment objectives, risks, charges and expenses of the J.P. Morgan Funds. This and other important information is contained in the prospectus, which can be obtained from your financial professional and should be read carefully before investing.

Opinions and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. We believe the information provided here is reliable but should not be assumed to be accurate or complete. The views and strategies described may not be suitable for all investors.

J.P. Morgan Funds are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA/SIPC.